The Federal Government has directed the Nigerian National Petroleum Corporation (NNPC) to resume the collection of freight charges in Naira denominated invoices for excess capacity for coastal movement of Petroleum products using the Import and Export (I&E) window rate for now.
It also directed petroleum marketers to revert to official depot price nationwide.
At a stakeholders meeting held yesterday at the Federal Palace Hotel, Victoria Island, Lagos, to address claims of a possible fuel scarcity, the government assured of the supply of sufficient Premium Motor Spirit (PMS) across the country.
The closed door meeting was attended by representatives from the NNPC, Nigeian Maritime Administration and Safety Agency (NIMASA), NPA, Major Marketers Association of Nigeria (MOMAN) Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), on the assurance of Petroleum products supply. It was chaired by the Chief Executive of NMDPRA, Farouk Ahmed.
In a communique at the end of the meeting, it was agreed that NIMASA and NPA are to engage their supervising Ministry and the Central Bank of Nigeria (CBN) to seek ways of addressing the challenges on the payment of levies in US Dollars.
The communique read in part: “NMDPRA to engage stakeholders on the reconciliation of bridging charges. The current bridging and administrative charges shall continue to apply.’’
“Marketers / Depot Owners are to start charging the official exdepot price immediately.
“NMDPRA will engage stakeholders within the first quarter of 202 on the implementation guidelines and timelines of the Petroleum industry Act 26071.
“All stakeholders agreed to collaborate to ensure smooth and sufficient supply and distribution of petroleum products to all parts of the country.
“MOMAN and DAPPMAN are to immediately communicate this resolution to marketers.”
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